Validate total income and TIN (SSN, EIN, ITIN) directly from the IRS with TRV® SERVICES
TRV Services (Tax Return Verification) is a comprehensive suite of reports and services that analyzes and compares borrower supplied income & TIN figures against data supplied by the IRS and SSA. The applicant authorizes the release of this information to NCS by completing the IRS form 4506-T or 4506T-EZ. Because the consumers/applicants release their information via the 4506-T to NCS, many industry segments might utilize TRV Services, including:
- Mortgage
- Consumer Lending
- Employment Screening
- Healthcare
- State Housing Authorities
- Investors
The highly customizable TRV Services suite consists of six reports:
- TRV® Report
- TRV® Transcript Services
- TRV® AGI Compare
- TRV® TotalTIN
- TRV® Cash Flow Analysis
- TRV® Stated Income Report
Utilize the reports listed above or work with NCS’ product development team and create the report and analytics needed to further enhance data integrity and risk mitigation at your organization. Understand the data elements essential in determining your applicant’s capacity or ability to repay
Features
- NCS Proprietary QC process reduces IRS rejections by 50% over the industry average
- "TRV® your way" - custom designed reports to include data you prefer with income and ID analytics
- 17+ years of interface experience with governmental agencies
Benefits
- Reduce IRS rejection fees adn rework costs by as much as 50% over all comparable marketplace options
- Allows focused decisioning on consumer segments you serve
- Enables you to navigate government bureaucracy with ease and speed
Fact: Study sources FinCEN, LexisNexis® and many more consistently rank tax/financial statements or application fraud within the top three sources of mortgage fraud.
Use NCS’ TRV Services to protect your organization from one of the leading sources of fraud.
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